Liability to Taxation definition

Liability to Taxation means any liability to make a payment in respect of Taxation;

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Liability to Taxation. (a) any liability of the Company to make an actual payment of Taxation or of an amount in respect of Taxation (whether or not the Company is primarily so liable and whether or not the Company has any right of recovery against any other person); and

Liability to Taxation means any Actual Liability to Taxation and/or Effective Liability to Taxation and/or other payment and/or liability referred to in clause 3.

Examples of Liability to Taxation in a sentence

• In the event of any payment pursuant to this Schedule being liable to Taxation in the hands of the Purchaser the amount of any such Liability to Taxation shall be deemed to be increased so as to ensure that the amount received by the Purchaser shall after Taxation be equal to that which would have been received had the payment not been subject to Taxation.

• In the event of any settlement pursuant to this Schedule (and the Eleventh Schedule) being liable to Taxation in the hands of the Purchaser the amount of any such Liability to Taxation shall be deemed to be increased so as to ensure that the settlement received by the Purchaser shall after Taxation be equal to that which would have been received had the settlement not been subject to Taxation.

• The amount which the Buyer is liable to pay hereunder shall not in any case exceed the amount paid by the Principal Shareholders under this schedule in respect of the Liability to Taxation which has given rise to the Relief in question.

• No Share Sellers will be liable under paragraph 2 in respect of a Liability to Taxation or other liability of any Group Member, or in respect of a breach of the Tax Warranties, unless within 6 years after the end of the accounting period in which Completion takes place the Buyer has given written notice containing full details to that Share Seller of any Tax Claim whatsoever relating to such Liability to Taxation or other liability.

• The notice of the Claim will, in reasonable detail, explain the Claim and the Liability to Taxation to which the Claim relates, give an estimate of the amount thereof and show how the estimate was calculated.

More Definitions of Liability to Taxation

Liability to Taxation. (a) any liability of the Company to make an actual payment of Taxation;

Liability to Taxation means any liability of the Company to make a payment in respect of Taxation but does not include:- 1.4.1 the loss, counteracting or clawing back of any Relief which would otherwise have been available to the Company; 1.4.2 the nullifying, cancellation or set-off of a right to repayment of Taxation which would otherwise have been available to the Company; Provided however that, if the loss, counteracting or clawing back of any Relief referred to in clause 1.4.1, or the nullifying, cancellation or set-off of a right to repayment as referred to in clause 1.4.2 results in the Company suffering a liability to make a payment in respect of Taxation, then the liability shall itself be a Liability to Taxation for the purposes of this deed;

Liability to Taxation means any liability (including a liability which is a primary liability of some other person) to make a payment in respect of Taxation (or any such liability to make a payment which would have arisen but for the utilisation of a Purchaser's Relief) but does not include: 106 1.8.1 the loss, counteracting or clawing back of any Relief which would otherwise have been available to the Company; or 1.8.2 the nullifying, cancellation or set-off of a right to repayment of Taxation which would otherwise have been available to the Company provided, however, that: (a) if and to the extent that the Relief lost, counteracted or clawed back is a Relevant Relief or Relevant Right, then, where the same results in the Company suffering a liability to make a payment in respect of Taxation, that liability shall itself be a "Liability to Taxation" for the purposes of this deed; and (b) if a right to repayment nullified, cancelled or set off is a Relevant Right, then, when such right to repayment would otherwise have resulted in a payment to a Group Company, a "Liability to Taxation" shall be deemed to arise for the purposes of this deed;

Liability to Taxation any Actual Liability to Taxation and/or Effective Liability to Taxation and/or payment referred to in clause 2.1; "non-availability" includes in relation to a Relief or right to repayment of Taxation the reduction modification loss claw-back counteraction disallowance or cancellation of that Relief or right to repayment of Taxation or a failure to obtain a Relief to which the Company and/or the Subsidiaries assumed it was entitled;

Liability to Taxation any liability whatsoever to make a payment of or in respect of Taxation and includes:

Liability to Taxation means any liability to make a payment in respect of Taxation but does not include:- 1.3.1 the loss, counteracting or clawing back of any Relief which would otherwise have been available to the Company; 1.3.2 the nullifying, cancellation or set-off of a right to repayment of Taxation which would otherwise have been available to the Company; PROVIDED however that if the loss, counteracting or clawing back of any Relief referred to in paragraph 1.3.1, or the nullifying, cancellation or set-off of a right to repayment as referred to in paragraph 1.3.2 results in a liability of the Company to make a payment in respect of Taxation in respect of an accounting period commencing prior to Completion, that liability shall itself be a "Liability to Taxation" for the purposes of this deed.

Liability to Taxation means not only a liability to make an actual payment of or in respect of Taxation (whether the same has been the subject of any assessment or demand at Completion or otherwise) and whether satisfied or unsatisfied at Completion but shall also include:-